JINCHUAN INTL 02362·

Gross margin ------------------------------------------------------------30.25%--7.77%22.48%11.07%3.31%9.95%1.12%22.99%13.04% Net margin ------------------------------------------------------------19.53%--0.78%18.75%-1.67%2.45%-0.23%1.44%7.93%8.16% ROE ------------------------------------------------------------11.90%--0.10%11.79%-1.17%1.28%-0.25%0.92%3.06%3.31% ROA ------------------------------------------------------------7.97%--0.34%7.63%-0.49%0.83%-0.05%0.44%1.37%1.42% Revenue growth ----------------------------------------------------------------15.76%---26.31%42.07%-10.74%15.57%-16.14%5.40% Attributable profit growth -----------------------------------------------------------------99.07%---1243.38%1144.32%78.36%1321.75%1395.82%1317.46% Debt-to-assets ------------------------------------------------------------42.27%--42.54%0.28%47.02%4.48%52.75%5.73%55.33%2.58% Current ratio ------------------------------------------------------------1.41--1.170.241.070.100.800.270.880.08 Operating cash flow / net profit ------------------------------------------------------------1.27--7.245.97-2.9310.17-18.8415.901.0219.86 Operating cash flow / revenue ------------------------------------------------------------24.80%--5.64%19.16%4.90%0.74%4.41%0.48%8.10%3.69%

Gross margin 21.12%--36.39%15.27% Net margin 3.50%--13.26%9.76% Revenue growth ----152.35%-- Attributable profit growth ----766.07%-- Debt-to-assets ----55.57%-- Current ratio ----0.98--

Revenue ------------------------------------------------------------5.30B--6.14B15.76%4.52B26.31%4.04B10.74%3.39B16.14% Other income and gains ------------------------------------------------------------403.24M--321.23M20.34%30.07M90.64%70.51M134.52%100.79M42.95% Gross profit ------------------------------------------------------------1.60B--476.97M70.27%501.07M5.05%402.06M19.76%778.76M93.69% Selling and distribution expenses ------------------------------------------------------------145.46M--253.04M73.96%219.97M13.07%209.01M4.98%217.73M4.17% Administrative expenses ------------------------------------------------------------29.00M--72.67M150.56%54.84M24.53%62.04M13.12%95.41M53.80% Net finance costs ------------------------------------------------------------60.82M--60.19M1.04%92.11M53.04%118.77M28.94%153.42M29.18% Income tax ------------------------------------------------------------744.23M--377.94M49.22%266.98M29.36%121.52M54.48%177.84M46.35% Operating profit ------------------------------------------------------------1.83B--472.49M74.23%256.33M45.75%201.53M21.38%566.41M181.06% Profit before tax ------------------------------------------------------------1.78B--425.75M76.04%191.40M55.04%112.05M41.46%446.47M298.45% Net profit ------------------------------------------------------------1.04B--47.81M95.38%-75.57M258.08%-9.47M87.47%268.63M2937.47% Net profit attributable to owners ------------------------------------------------------------768.44M--7.16M99.07%-81.86M1243.38%-17.71M78.36%229.52M1395.82%

Revenue 182.37M--460.20M152.35% Other income and gains 286.00K---5.44M2001.05% Cost of sales 133.55M--265.60M98.88% Gross profit 38.52M--167.48M334.80% Selling and distribution expenses 14.17M--22.66M59.86% Administrative expenses 3.10M--7.53M142.78% Net finance costs 7.74M--25.61M230.87% Income tax 9.72M--47.76M391.33% Profit before tax 16.10M--108.79M575.61% Net profit 6.38M--61.03M856.30% Net profit attributable to owners 5.52M--47.82M766.07%

Cash and cash equivalents --------------------------------------------------------------------434.74M--387.20M10.94%1.17B202.19% Trade and bills receivables ------------------------------------------------------------474.01M--603.59M27.34%447.27M25.90%418.70M6.39%529.16M26.38% Inventories ------------------------------------------------------------1.49B--840.19M43.56%815.54M2.93%1.23B50.43%1.89B54.13% Total current assets ------------------------------------------------------------3.38B--2.17B35.60%1.92B11.84%2.32B20.84%3.63B56.75% Total assets ------------------------------------------------------------13.00B--14.13B8.75%15.37B8.75%17.67B14.94%19.59B10.89% Total current liabilities ------------------------------------------------------------2.40B--1.85B22.68%1.79B3.30%2.89B61.35%4.11B42.04% Total liabilities ------------------------------------------------------------5.49B--6.01B9.46%7.23B20.21%9.32B28.94%10.84B16.31% Equity attributable to owners ------------------------------------------------------------6.46B--6.97B7.96%6.98B0.08%7.07B1.29%7.49B5.98% Total equity ------------------------------------------------------------7.50B--8.12B8.23%8.14B0.27%8.35B2.51%8.75B4.84%

Cash and cash equivalents ----217.30M-- Trade and bills receivables ----96.42M-- Inventories ----313.75M-- Total current assets ----667.53M-- Total assets ----2.90B-- Total current liabilities ----681.18M-- Total liabilities ----1.61B-- Equity attributable to owners ----1.11B-- Total equity ----1.29B--

Net cash from operating activities ------------------------------------------------------------1.32B--346.01M73.69%221.57M35.96%178.32M19.52%274.38M53.87% Net cash from investing activities -------------------------------------------------------------489.76M---603.09M23.14%-1.14B89.62%-1.24B8.76%-488.04M60.76% Net cash from financing activities -------------------------------------------------------------18.08M---593.31M3181.34%703.60M218.59%1.03B46.71%895.34M13.26% Net change in cash ------------------------------------------------------------807.52M---850.40M205.31%-218.40M74.32%-33.12M84.84%681.68M2158.41%